Altcoin Daily host Aaron Arnold says he believes Ethereum (ETH) is poised for a massive move up amid exponentially strong fundamental growth. In a new video, Arnold tells his 952,000 YouTube subscribers that Ethereum is going through a supply shock courtesy of the EIP-1559 update, which permanently removes a certain amount of ETH from the circulating supply each time a transaction is processed.   “The Ethereum block space is getting used and because Ethereum changed its monetary… Source link

The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair’s upside momentum is weakening out. Bearish divergence A normal RSI momentum tends to… Source link

ETH price challenges 21-DMA support amid selling resurgence. RSI turns south but holds above 50.00, keeping bulls hopeful. A rally towards $3400 remains in the offing if $3070 holds. Ethereum, the no.2 widely traded digital asset, is feeling the pulling of the gravity once, extending its bearish momentum into the second straight day this Sunday. With the selling resurgence, ETH price reverses half the rebound from weekly lows of $3050 reached last Friday. The… Source link

A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko.   Glassnode first discusses the “spike in interest” on AVAX… Source link

Bitcoin mining is viewed at BitFarms in Saint Hyacinthe, Quebe LARS HAGBERG/AFP via Getty Images China’s crackdown on cryptocurrency mining gave miners outside the region tremendous opportunities for growth. Second-quarter earnings reveal that non-Chinese mining firms crushed revenues and produced more bitcoin during the quarter. The CEO of one firm said his market share grew in the quarter as a direct result of the China crypto mining ban. Sign up here for our daily newsletter, 10… Source link

Bitcoin and Ethereum spurred a cascading effect in the broader market as the coins stood above $48K and at $3238.42, respectively.  Polkadot rose by 4.7% and prepared to test the $26.74 resistance mark, while Litecoin also flashed bullishness as it inched closer to its immediate price ceiling of $180.87.  Ethereum (ETC) ETH/USD, TradingView Ethereum recovered its recent losses by 3.9%, over the last 24 hours and prices stood at $3238.42. After observing a positive price reversal, ETH… Source link

On a fifteen year-scale Fidelity expects Bitcoin can touch $100 million based on the stock-to-flow model. While several retail analysts have been giving some crazy target for Bitcoin (BTC), this time investment giant Fidelity has made some mind-blowing predictions. In its recently held “very special” webinar, the Boston-based investment giant has turned ultra-bullish for Bitcoin. The analyst at Fidelity took a deep dive into Bitcoin discussing its possible effect on the market. Fidelity… Source link

A flaw in the most popular software used to verify transactions on the Ethereum network nearly triggered a crisis for the world’s most widely used cryptocurrency blockchain. About half of the Ethereum ecosystem split into a separate chain after a bug in the Go Ethereum, or Geth, software effected users who hadn’t implemented an update meant to fix the mistake, said Maddie Kennedy, a spokesperson at the cryptocurrency research firm,… Source link

Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday. The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well… Source link